General Magic (fka GMGC)

[Baja33]

Fred,

Price wise, where do you anticipate GMGC will end up leading into the CC. I couldn't read a technical chart if tried, but, I'm rolling the dice that we hit half a buck on or just before the 24th. I'm also expecting to see a SHARP sell off right after the CC - as we head into the next resetting period.

IMO the sharks got rid of about 3 million shares today which I think puts them at having sold approx 5 million of the 33 million purchased in the last round. I expect that they will be able to unload another 15 million or so prior to the CC. That will leave them long about 13 million shares, a profit of approx $4.5 million (25 million sold at an average cost of .39) and they will likely go short for 15 million shares during the reset period. After the price is set - they cover their short positon with their outstanding long side and go long until GMGC needs more money. I'm in the wrong business.

Baja33